Privilege Underwriters Recpl
Major Rating Factors:
Fair profitability index (3.7 on a scale of 0 to 10) with operating losses during 2020, 2021, 2022 and 2023. Vulnerable liquidity (0.9) as a spike in claims may stretch capacity. Fair long-term capitalization index (4.1) based on fair current risk adjusted capital (severe loss scenarios) reflecting improvement over results in 2022.
Other Rating Factors:
History of adequate reserve strength (5.3) as reserves have been consistently at an acceptable level. Excellent overall results on stability tests (7.3). Strengths include potentially strong support from affiliation with Tokio Marine Holdings Inc, excellent operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.8% of capital.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
L - Past results on our liquidity tests.
Principal Lines of Business:
Homeowners (63.4%), personal/comm auto (18.7%), other (17.9%)
Licensed in:
All states and Canada
Principal Investments:
Investment grade bonds (70.4%), non investment grade bonds (2.7%), common stock (2.6%), preferred stock (0.2%), other (24.2%)
Corporate Info
Group Affiliation
Tokio Marine Holdings Inc
Investment Rating
--
Company Address
44 South Broadway
White Plains, NY 10601
White Plains, NY 10601
Phone Number
(914) 328-0002
NAIC Number
12873
Website
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